Modeling the money launderer: Microtheoretical arguments on anti-money laundering policy

Killian McCarthy, Peter van Santen and Ingo Fiedler

International Review of Law and Economics, 2015, vol. 43, issue C, 148-155

Abstract: The existing literature treats the criminal – who generates criminal proceeds – and the launderer – who converts the ‘dirty’ dollars into ‘clean’ ones – as one and the same. And with good reason: it is clear from the evidence that such ‘standard’ vertically integrated launderers exists. Because professionals and institutions are also routinely prosecuted for money laundering transgressions, however, it appears that the market for money laundering is also supplied by third party, ‘professional’ launderers, whose core business lies outside the criminal sector, but who chooses to spend time supplying the market for money laundering.

Keywords: Money laundering; Bargaining; Deterrence (search for similar items in EconPapers)
JEL-codes: E26 H27 K42 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:irlaec:v:43:y:2015:i:c:p:148-155

DOI: 10.1016/j.irle.2014.04.006

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